Interfluidity http://interfluidity.powerblogs.com/ en-us 2009-11-16T09:11+00:00 Discretion and financial regulation http://interfluidity.powerblogs.com/posts/1258156478.shtml An enduring truth about financial regulation is this: Given the discretion to do so, financial regulators will always do the wrong thing.... Steve Randy Waldman 2009-11-13T23:11+00:00 Sympathy for the Treasury http://interfluidity.powerblogs.com/posts/1257407150.shtml On Monday, I was among a group of eight bloggers who attended a discussion with "senior Treasury officials" in Washington. Several nice accounts of that meeting have already been posted (see... Steve Randy Waldman 2009-11-05T07:11+00:00 Asset inflation, price inflation, and the great moderation http://interfluidity.powerblogs.com/posts/1256656346.shtml Commenter "reason" asks a question:... Steve Randy Waldman 2009-10-27T22:10+00:00 The shortest, best case for financial innovation http://interfluidity.powerblogs.com/posts/1255818765.shtml ... Steve Randy Waldman 2009-10-17T22:10+00:00 Information is stimulus http://interfluidity.powerblogs.com/posts/1255311726.shtml Suppose that the Federal government were to offer sizable loan guarantees for any and all "green energy" companies. Any firm, including new entrants, would be eligible. The government would do some... Steve Randy Waldman 2009-10-12T20:10+00:00 Vanilla afterthoughts http://interfluidity.powerblogs.com/posts/1254532981.shtml Note: I use the word "state" in this post to mean "the state", government generally, not state as opposed to federal government in the US. Thanks to Richard Serlin for... Steve Randy Waldman 2009-10-06T15:10+00:00 Vanilla is a commodity http://interfluidity.powerblogs.com/posts/1253928854.shtml Do we have no fight left in us at all? Mike Konczal and Kevin Drum are excellent as always, but must we really write eulogies? Is one of the... Steve Randy Waldman 2009-09-26T06:09+00:00 Echo chamber http://interfluidity.powerblogs.com/posts/1249462984.shtml Sometimes the blogosphere really is an echo chamber. I'd like to join in.... Steve Randy Waldman 2009-08-05T09:08+00:00 Plastic fantastic http://interfluidity.powerblogs.com/posts/1243293605.shtml So I've belabored the distinction between transactional and revolving credit quite enough, I think. And I'm pleased, reading around the intertubes, that people seem comfortable with that distinction, and with... Steve Randy Waldman 2009-05-26T07:05+00:00 Distinguish between transactional and revolving credit http://interfluidity.powerblogs.com/posts/1242951098.shtml Megan McArdle... Steve Randy Waldman 2009-05-22T00:05+00:00 Follow-up to “Continuous Bankruptcy” http://interfluidity.powerblogs.com/posts/1242632171.shtml I am continually amazed at the quality of comments that Interfluidity attracts. But commenters to the previous post truly outdid themselves. I proposed a "novel" security intended to make debt-to-equity... Steve Randy Waldman 2009-05-19T05:05+00:00 Continuous bankruptcy http://interfluidity.powerblogs.com/posts/1241225458.shtml I'd like to propose a financial innovation that I think would actually be good (besides the ATM). It would be a new security that firms could market to investors, just... Steve Randy Waldman 2009-05-02T19:05+00:00 Meet Joe Peek http://interfluidity.powerblogs.com/posts/1240951168.shtml You just never know who you'll run into here in blogland.... Steve Randy Waldman 2009-04-28T20:04+00:00 Value for value http://interfluidity.powerblogs.com/posts/1240888545.shtml Would it have been better if Timothy Geithner had had the power to guarantee all bank debt early on? As James Surowiecki reminds us, that was part of the Swedish... Steve Randy Waldman 2009-04-28T03:04+00:00 Control without accountability http://interfluidity.powerblogs.com/posts/1240552418.shtml I've been unimpressed with this oft-quoted bit from Phillip Swagel's insider account of the Paulson Treasury.... Steve Randy Waldman 2009-04-24T05:04+00:00